• Axis Bank trims its stake in Yes Bank by 2.3% (now holding a 1.9% stake) in Q4. Yes Bank reported a net loss of Rs 3,788 crore in the March 2021 quarter.

• The Abu Dhabi Investment Authority acquires 17 lakh shares in Intellect Design Arena for Rs 120 crore taking a 1.3% stake in the software company in Q4.

• TCNS Clothing Co is trading with 21 times the weekly average trading volume. Dish TV India, Angel Broking, and The New India Assurance Company are trading with six times the average weekly trading volume.

• HDFC Securities maintains a 'Reduce' rating on IndusInd Bank with a target price at a downside of 21% given the lender's elevated credit costs.

• Varun Beverages reports a total income of Rs 2,275 crore in Q4, a jump of 32% YoY, with net profits of Rs 130 crore, up by 135% YoY due to higher volumes in the domestic and international market.

• Adani Ports & Special Economic Zone,  Adani Total Gas, and Alembic Pharmaceuticals are trading higher ahead of their Q4 earnings update later today.

• HDFC Mutual Fund cuts its stake in Tata Metaliks by 0.5% disposing 1.8 lakh shares worth Rs 22.5 crore via a bulk deal.

• Goldman Sachs India acquires 27.6 lakh shares and Malabar India Fund acquires 42.2 lakh shares in newly listed Laxmi Organi Industries, via bulk deals in Q4FY21.

• Tata Chemicals reports a total income of Rs 10,200 crore in Q4FY21, a 2% fall against the previous year, and net profits of Rs 436 crore, a 58% fall YoY.

• Sunil Singhania's Abakkus Fund acquires 3.6 lakh shares in Sarda Energy & Minerals for Rs 21 crore taking a 1% stake in Q4FY21.

• Kotak Mahindra Bank reports a 33% jump YoY in net profits to Rs 1,682 crore in Q4FY21 with net interest income up by 8% YoY to Rs 3,843 crore.

• Nifty 50 was trading at 14669.05 (34.9, 0.2%) , BSE Sensex was trading at 48790.38 (71.9, 0.2%) while the broader Nifty 500 was trading at 12446.70 (51.5, 0.4%)

• Market breadth is overwhelmingly positive. Of the 1641 stocks traded today, 1251 were gainers and 353 were losers.

Riding High:

Largecap and midcap gainers today include Punjab National Bank (37.50, 8.70%), The New India Assurance Company Ltd. (155.80, 5.88%) and Bank of Baroda (70.40, 5.63%).

Downers:

Largecap and midcap losers today include L&T Technology Services Ltd. (2575.70, -7.93%), Tata Consumer Products Ltd. (644.95, -4.75%) and Jubilant Foodworks Ltd. (2776.00, -3.91%).

Crowd Puller Stocks

35 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Dish TV India Ltd. (11.94, 19.40%), Tata Elxsi Ltd. (3859.45, 9.16%) and Punjab National Bank (37.50, 8.70%).

Top high volume losers on BSE were Tata Chemicals Ltd. (708.30, -9.56%), L&T Technology Services Ltd. (2575.70, -7.93%) and IIFL Finance Ltd. (252.15, -0.65%).

TCNS Clothing Co. Ltd. (498.85, -0.55%) was trading at 22.9 times of weekly average. Grindwell Norton Ltd. (1001.00, 8.53%) and The New India Assurance Company Ltd. (155.80, 5.88%) were trading with volumes 16.3 and 7.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

45 stocks hit their 52 week highs,

Stocks touching their year highs included - BASF India Ltd. (2277.75, -0.23%), Bharat Heavy Electricals Ltd. (52.45, -1.96%) and Carborundum Universal Ltd. (586.50, 2.09%).

15 stocks climbed above their 200 day SMA including Dish TV India Ltd. (11.94, 19.40%) and AIA Engineering Ltd. (1870.00, 2.44%). 7 stocks slipped below their 200 SMA including Ashoka Buildcon Ltd. (80.10, -2.14%) and Aster DM Healthcare Ltd. (142.80, -2.09%).